OIL-DRI CORP OF AMERICA (ODC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ODC - US6778641000 - Common Stock
Taking everything into account, ODC scores 2 out of 10 in our technical rating. ODC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of ODC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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45.74
When analyzing the support we can see 2 important areas.
- Support @48.44 from a horizontal line in the weekly time frame.
- A support zone ranging from 46.20 to 46.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 51.50 to 51.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 52.82 to 53.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @57.23 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ODC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ODC is neutral. |
| ChartMill Relative Strength | 43.98 | NEUTRAL | ODC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ODC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ODC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ODC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.93 | NEUTRAL | The RSI value for ODC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests ODC has a positive trend. |
| Stochastics (14,3) | 48.15 | NEUTRAL | The Stochastics value for ODC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for ODC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.72 | NEUTRAL | The ADX value for ODC suggests a possible start of a new trend. |
51.49
+0.7 (+1.38%)
OIL-DRI CORP OF AMERICA / ODC FAQ
What is the technical rating for ODC stock?
ChartMill assigns a technical rating of 2 / 10 to ODC.
What is the trend direction for ODC stock?
The current trend direction for OIL-DRI CORP OF AMERICA (ODC) is Bearish.
What is the RSI signal for OIL-DRI CORP OF AMERICA (ODC) stock?
OIL-DRI CORP OF AMERICA (ODC) has an RSI value of 52.9287. This indicates that the stock is currently neutral.
What is the MACD signal for OIL-DRI CORP OF AMERICA (ODC) stock?
The MACD indicator for OIL-DRI CORP OF AMERICA (ODC) has a value of 0.381384, indicating a bearish trend.
What is the support and resistance level for ODC stock?
OIL-DRI CORP OF AMERICA (ODC) has a support level at 48.44 and a resistance level at 51.5. Check the full technical report for our detailed analysis of ODC support and resistance levels.